GE Transportation Joins EPA 'Climate Leaders' Program; Company Pledges Greenhouse Gas Reduction

Business Wire, Nov 9, 2004

ERIE, Pa. -- GE Transportation announced today that it is joining the Environmental Protection Agency's Climate Leaders program, an initiative that targets greenhouse gas emission reduction among leading corporations.

GE Transportation is committing to reduce global greenhouse gas emissions 25% between 2003 and 2008. Progress toward this goal will be measured on a revenue-normalized basis.

GE Transportation anticipates emission reductions from all of its sites, both global and domestic. GE's rail facility here will lead the way by transitioning its powerhouse from coal to other fuels that produce less greenhouse gas emissions.

"GE Transportation is pleased to be a part of a program aimed at addressing matters affecting the global environment," said Steve Ramsey, GE Vice President of Environmental Programs. "We see our participation in the EPA's voluntary Climate Leaders initiative as an opportunity to underscore GE's commitment to improving the environment through our products and processes."

In addition to the greenhouse gas emissions reduction, GE Transportation also has been working to develop products that are more fuel-efficient and that emit less polluting gasses.

In January 2005, GE will begin commercial production of the Evolution Series(TM) locomotive, the cleanest diesel-electric locomotive ever made. Evolution locomotives cut NOX emissions by 40%, while at the same time increasing fuel efficiency by up to 5%.

In late 2004, GE Transportation began manufacturing gearbox assemblies for GE Energy's wind turbine business. GE Transportation began designing the gearboxes based on its expertise in designing gear systems for the off-highway vehicle industry.

GE Transportation is now one of 60 corporations who have partnered with the EPA through Climate Leaders. Companies such as General Motors, Eastman Kodak and Johnson and Johnson are among other leading partners.

"EPA applauds GE Transportation for its leadership. GE Transportation is one of a select group of companies that have become Climate Leaders and announced an aggressive greenhouse gas reduction target," according to Kathleen Hogan, Director, EPA's Climate Protection Partnerships Division. "These commitments will make a significant contribution to achieving the President's climate protection goal."

Climate Leaders was established in 2002 as a voluntary program that works with companies to measure greenhouse gas emissions and set aggressive, long-term emissions reduction goals.

About GE Transportation

GE Transportation, a unit of General Electric Company (NYSE: GE), delivers technology solutions for the aviation, rail, marine and mining industries. Products and services include jet engines for military and civil aircraft, freight and passenger locomotives, diesel engines and gas turbines for marine and industrial applications, motorized systems for mining trucks and drills and gearbox assemblies for wind turbines.